Larsen & Toubro scales new high, up 12% in a week; m-cap touches Rs 2.07 tn

The stock hit a new high of Rs 1,473, up 1.7 per cent today, surpassing its previous high of Rs 1,470 recorded on February 1, 2018 in intra-day trade.

Shares of Larsen & Toubro (L&T) hit an all-time high of Rs 1,473 per share, up 1.7 per cent, on the BSE on Wednesday pipping its previous record-high of Rs 1,470 apiece. As a result, its market capitalisation (m-cap) hit a new high of Rs 2.07 trillion during the day.

In the past six trading sessions, L&T has outperformed the market by surging 12 per cent, as compared to a 5 per cent rise in the benchmark S&P BSE Sensex. Thus far, however, in the current calendar year, the stock has underperformed with gain of 2 per cent against